Congratulations,
Shri Nilekaniji,
{ nandan@nandannilekani.in
}
Context :
Account
Aggregator framework to replicate UPI's success, says Nandan Nilekani
/ Eco Times / 02 Sept
2021
Nilekani sees UPI-like Magic in AA System / Print Copy of Eco Times / 03 Sept 2021
Extract :
Ø India is the first
country globally to introduce such a techno-legal framework that allows for the
regulated flow of financial
data between entities that have information and those that want to use that information to provide
services. This will happen
through account aggregators and with
the consent of the individual owner of that financial data.
Ø As of Thursday eight
major banks - State Bank of India, ICICI Bank, Axis Bank, IDFC First Bank,
Kotak Mahindra Bank, HDFC Bank, IndusInd Bank, and Federal Bank - have joined
the account aggregator network, representing almost 40% of all bank accounts in
the country, iSPIRT
said.
Ø “We can confidently
say that no other country in the
world has developed such a thorough and robust architecture, for a population of a
billion people and 15 million businesses to take
advantage of their own data to improve their lives,” Nilekani added,
calling account aggregators a truly
transformational initiative.
Ø “
Besides, a similar framework is being considered for aggregating Medical Data and Health Records that individuals can share easily when
they require access to those services “ , he added
Ø He said the model of allowing not only enterprises but also INDIVIDUALS and SMALL
BUSINESSES to leverage data was slowly getting global recognition. Many
countries grappling with the issue of HOW TO DEAL WITH CITIZENS’ DATA, have come forward
to understand the Indian model , he
added
=============================================
MY TAKE :
---------------------------------------------------------------------------------
[ A ] Account Aggregation
My blog : A Matter
of Time …………………………………..[ 03
Jan 2017 ]
Extract :
So, just wait to find out which
Mobile Wallet comes up with the following " innovations " FIRST :
* All
bank accounts of a person
( in different banks ) become inter-
operable / fungible ,through seamless interlinking , using Aadhar / UPI
Interface in a Mobile Wallet
No need to " select " a particular bank name
*
All transactions using a Mobile Wallet, automatically entered in BLOCK-CHAIN database commonly shared by ALL banks
*
Wallet based algorithm will move
funds across different bank accounts for best yield ,
constantly searching for best
interest rates offered by banks on Fixed Deposits.
No rocket science here considering availability of " BEST PRICE " apps for thousands of
goods and services
And since computing power of mobiles are doubling every 18 months ( Moore's Law
),
nothing will stop algo-trading
through a Mobile Wallet ,
as well ! ( Demat A/C on Wallet ? )
[
B ] Medical Data and Health Records
Extract :
MY SUGGESTIONS :
Ø The scheme must cover
# Supply of Medicines / Medical Devices ( both , preventive and curative )
# Delivery of Services ( Diagnostic / Nursing
/ Hospitalization )
# Pregnancy /
Delivery related medicines / investigations / hospitalization
Prices for each / all of these must be fixed and published , not only on the
web
site of the Health Ministry but at ALL places where medicines or services
are
getting delivered
Ø Each eligible family member to be issued a “ Ayushman Card “ ( linked
to Aadhar ID )
Ayushman card will have inbuilt memory capacity to store that
person’s health data from “ Cradle to
Grave “ ( Privacy advocate need not worry ! )
Ø All the Health
Data of all 50 crore
beneficiaries to be stored on a Central Server for BIG DATA analysis, in order
to “ Predict “ WHO might become susceptible to WHICH ailment and WHEN
Ø As an alternative, a GPS enabled / NFC capable
Smart Phone pre-loaded with AYUSHMAN
MOBILE APP , could be considered to replace the card
Ø Ayushman Eco System shall consist of :
# 50 crore poor beneficiaries
# All Medical Practitioners of India (
Allopathic - Ayurvedic – Homeopathic )
#
All Medical Shops of India ( including E – Pharmacies )
# All Nursing Homes / Hospitals / Diagnostic
Centres / Health Centres etc
# All Pharma Companies
# Health Ministry
# All India Medical Association
# All India Organization of Chemists and Druggists (
AIOCD )
# Drug Controller General of India
# All
Medical Colleges / Medical Research Centres
# Any other
entity which I might have missed out
Ø The Ayushman Eco System shall be built around the BLOCK-CHAIN technology , which will be
the main operating system for implementation of the AYUSHMAN PROCESSES ,
described in my following earlier blogs ( sent as emails to Cabinet Ministers /
Niti Aayog )
================================================================
[ C ]
How To Deal With Citizen Data
Dear Shri
Nilekaniji,
In this matter, the principles that should guide the development of Indian Model, should be :
# Personal Data is the property
of each citizen . He is the sole owner of his
data
# Inherent
in this concept of DATA OWNERSHIP, is the RIGHT TO SELL his data to anyone
# No
business ( whether Online or Offline ) shall collect / compile such data,
without explicit permission of
the data-owner
# Even
when such permission is granted by the data-owner, he may dictate the PRICE /
PAYMENT for
SELLING his property (
data )
# For
different EXTENT ( level ) of data, the data-owner may fix different SALE-PRICES
# For
obtaining certain services ( from Service-Suppliers ), he may give away certain
MINIMUM PERSONAL
DATA, for FREE ( Eg; reading online news /
conducting searches on Search Engines etc )
# No Online
Service Provider ( Social Media Sites ), shall surreptiously collect any Personal
Data of its Users
For implementation of proposed Indian Model, I urge
you to consider my detailed suggestion , described in :
Ø Digital Dividend
from Demographic Data ……………………[ 14 Feb 2019 ]
Ø SARAL ……………………………………………………………………………[
10 Feb 2019 ]
Ø Privacy for
Sale …………………………………………………………….[ 26 Aug 2017 ]
Ø A Matter of
Motive …………………………………………………………[ 04 Aug 2018 ]
With
Regards,
RELATED READINGS :
Extract :
It is obvious
that the Chinese strategy revolves around implementing following KEY CONCEPTS :
# user data… are public resources
# creation of a state-supervised market for such information
# foundations for it to be traded domestically
Ø Bulk Data Sharing / Selling Policy ?
………………………………[ 12 Mar 2019 ]
Ø Released : Govt Policy for Selling Personal Data…………… [ 05 Sept 2020 ]
================================================================================================
Ø Chasing a
Mirage ? …………………………………………………………[ 27 Jan 2021 ]
Copies sent to :
# Shri Nandan
Nilekani ( nandan@nandannilekani.in )
# Shri Amit Ranjan
( iSpirt Team / amitranjan25@gmail.com )
# Shri Pramod Verma
( IndiaStack Team / pramodkvarma@gmail.com )
# Sir Tim
Berners-Lee ( Inrupt / timbl@w3.org )
# Mr John Bruce (
Inrupt / John.Bruce@gmail.com )
Ø Peter : The
Second………………………………………………………….. [ 11 Nov 2018 ]
Ø Contract for the Web …………………………………………………………[ 06 Nov 2018 ]
